Despite the bad day for the general market and casino stocks, Ameristar Casinos (ASCA: 16.72 +0.66%) fought its way against the tide and had risen as much as five percent in value. The jump came after JPMorgan analysts upgraded the stock.

While concerns that economic worries are returning caused a market plummet, Ameristar rose as Morgan raised its evaluation of the gaming company from overweight to neutral. Morgan said the change is due to higher expectations for regional casinos in the short term.

Morgan gambling experts also cited Ameristar’s “ability to deliver peak margins,” and mentioned second-quarter performance as promising good results in the future.

JPMorgan also raised the price target for Ameristar, taking the price from $20 to $24 per share.

The Wall Street Journal notes that Ameristar is up one hundred twenty percent since the beginning of the year. Investors have been far kinder to regional gaming operators than owners of destination casinos.

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